Prior research shows that accounting information is relevant for stock valuation, failure prediction, performance evaluation, optimal contracting, and other decision-making contexts in relatively stable market settings. By contrast, accounting's role during stock market bubbles such as those...

Environmental, social, and governance (“ESG”) scores have been widely touted as indicators of share price resilience during the COVID-19 humanitarian crisis. We undertake extensive analyses to investigate this claim and present robust evidence that, once the firm's industry affiliation and...

We explore the factors associated with IPO failures by developing an IPO failure prediction model that includes accounting information as well as proxies for the role of information intermediaries and other IPO deal-related characteristics. We document statistically significant differences in...

We use the Russian invasion of Ukraine as a revelation of the usefulness of ESG ratings to assess corporate socially responsible behaviors abroad. Using data on Stoxx 600 firms’ Russian exposure, pre-invasion Russia-related disclosures, and ESG scores, our findings are threefold. First, we...

<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>We explore the factors associated with historical IPO failures by developing an IPO failure prediction model that includes accounting information as well as proxies for the role of information intermediaries and other IPO deal-related characteristics. We document statistically...